Invesco Municipal Opportunity Trust (NYSE:VMO - Get Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Tuesday, April 16th will be paid a dividend of 0.0385 per share by the investment management company on Tuesday, April 30th. This represents a $0.46 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Monday, April 15th.
Invesco Municipal Opportunity Trust Stock Performance
Shares of NYSE:VMO traded down $0.01 during midday trading on Wednesday, hitting $9.57. The company's stock had a trading volume of 159,933 shares, compared to its average volume of 233,725. Invesco Municipal Opportunity Trust has a 12-month low of $7.86 and a 12-month high of $9.86. The business's 50 day simple moving average is $9.64 and its 200 day simple moving average is $9.15.
Institutional Investors Weigh In On Invesco Municipal Opportunity Trust
Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Municipal Opportunity Trust by 29.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,142 shares of the investment management company's stock valued at $51,000 after purchasing an additional 1,163 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Invesco Municipal Opportunity Trust during the 1st quarter worth $98,000. Prelude Capital Management LLC acquired a new position in shares of Invesco Municipal Opportunity Trust during the second quarter worth about $109,000. Cetera Investment Advisers boosted its stake in shares of Invesco Municipal Opportunity Trust by 20.4% in the first quarter. Cetera Investment Advisers now owns 12,090 shares of the investment management company's stock valued at $119,000 after buying an additional 2,050 shares in the last quarter. Finally, Wetherby Asset Management Inc. acquired a new position in shares of Invesco Municipal Opportunity Trust during the 1st quarter worth $121,000. 42.57% of the stock is owned by hedge funds and other institutional investors.
About Invesco Municipal Opportunity Trust
(
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Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.
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